The Minister of Public Works, Edgar Montaño, informed this Thursday that 125 million bolivianos ($17.93 mn) would disburse to extend the coverage in telephony, internet and cable television of Entel.
Category: Business
Information regarding the business sector.
TEC SUCCA SRL Foundry Plant inaugurated
This Thursday, the TEC SUCCA SRL steel casting plant inaugurated in Potosi, one of the best in South America thanks to the machinery it has and which does not exist in Bolivia. It will work at the national level in the first instance with the mining and cement industry to provide them with melted material, whose production can reach up to 90 tons per month.
The BDP Board of Directors approves the issuance of Subordinated Notes for $24.3 million
The Banco de Desarrollo Productivo (BDP) S.A.M. will issue Subordinated Bonds for an authorized amount of 170 million bolivianos ($24.3 mn), which will allow maintaining financial sustainability, capturing resources to strengthen the equity position and further growth of the portfolio.
Urea plant in Cochabamba forecasts a loss of $364mn
The urea and ammonia plant in Bulo Bulo (Cochabamba) will remain shut down for another six months and is expected to lose $364 million. The plant has been shut down since November 2019, recording a daily loss of $700,000. The president of the Chamber of Hydrocarbons of Cochabamba said that an expenditure of $350,000 is estimated for the diagnosis of the plant and more than $1 million for its reactivation, which can take up to six months.
BDP will be the first bank in Bolivia to issue sustainable bonds for housing projects
The Productive Development Bank will become the first bank to issue thematic bonds, with the support of the United Nations Development Programme (UNDP). This first bond issue will be aimed at generating resources to finance sustainable housing projects. Thematic bonds are debt instruments that focus on investments with social and environmental impact. Among the categories sought to be financed are renewable energy projects, clean transport and adaptation to climate change.
New Pacific Identifies High-Grade Gold and Silver Mineralization at Its Silverstrike Project
New Pacific Metals Corp. is pleased to provide an update on exploration activities at the Silverstrike Project, Bolivia. Recent fieldwork has focused on the Silverstrike Central and South areas where the Company has identified three significant new zones of gold and silver-rich polymetallic mineralization. These areas, together with the previously released Silverstrike North zones, form high priority drill targets for testing once the required permits obtained. New Pacific is a Canadian exploration and development company which owns the Silver Sand Project, in the Potosi Department of Bolivia and the Silverstrike Project in Bolivia.
Spending on wages and salaries grew by 448.9% in 12 years in Bolivia TV
In 2019 the budget of the state channel exceeded 138 million bolivianos ($19.8 mn). In the last 12 years, the company's spending on wages and salaries grew by 448.9%.
The Banco de Desarrollo Productivo – S.A.M disbursed more than $15.35 mn in one year
The Banco de Desarrollo Productivo - S.A.M., through its Seed Capital Fund (FOCASE) credit, disbursed in one year more than Bs 107 million ($ 15.35 mn) in the financing, to expand the universe of beneficiaries and reduce interest rates for producers.
San Buenaventura produced 320,000 quintals of sugar and 1.1 mn liters of alcohol
The San Buenaventura Sugar Company (EASBA) managed to produce, in these 11 months of 2020, 320,000 quintals of sugar and 1.1 million litres of alcohol, in addition to electrical energy that injected into the National Interconnected System. The company expects to close this year with 60 million bolivianos generated by sales, a figure higher than the 40 million bolivianos developed in 2019.
BoA expects transition operating at 75% capacity
The Bolivian airline BoA expects the new government to operate with approximately 75 per cent of the number of passengers it used to carry before the pandemic. After three months without commercial operations, the state-owned company is gradually recovering and yesterday inaugurated its new CargoXpress service, which will allow it to generate one million dollars a month.
